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Revenue from Contracts with Customers (Tables) | 12 Months Ended
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Dec. 31, 2018
Schedule of disaggregation of revenue by major source | In addition the change in presentation of certain spare parts sales noted above has caused proceeds from sale of such parts to be recorded in cash flows from operating activities having previously been recorded as sale proceeds within investing activities. This caused an increase in cash flows from operating activities of $16.9 million in the year ended December 31, 2018 and an equal decrease in proceeds from sale of equipment within investing activities. The following table disaggregates revenue by major source for the year ended December 31, 2018 (in thousands):
|  | Leasing and |  |  |  |  |  |  |  |
Year ended December 31, 2018 |  | Related Operations |  | Spare Parts Sales |  | Eliminations (1) |  | Total
Leasing revenue (2) |  | $ | 265,894 |  | $ | — |  | $ | — |  | $ | 265,894
Gain on sale of leased equipment |  |  | 6,944 |  |  | — |  |  | — |  |  | 6,944
Spare parts and equipment sales |  |  | 30,122 |  |  | 41,019 |  |  | — |  |  | 71,141
Managed services |  |  | 4,303 |  |  | — |  |  | — |  |  | 4,303
Other revenue |  |  | — |  |  | 1,727 |  |  | (1,662) |  |  | 65
Total revenue |  | $ | 307,263 |  | $ | 42,746 |  | $ | (1,662) |  | $ | 348,347
| (1) |  | Represents revenue generated between our reportable segments.
| (2) |  | Leasing revenue is recognized under the lease accounting guidance in ASC 840 Leases, and therefore qualifies for the scope exception under ASC 606. Total Leasing revenue includes $3.3 million that is presented in Other revenue line item on the Consolidated Statement of Income.
ASU 2014-09 |
Schedule of impact on adoption of ASC Topic 606 | The following tables summarize the impacts to each financial statement line item affected by the adoption of ASC Topic 606 as of and for the year ended December 31, 2018 (in thousands):
Consolidated Balance Sheet Line Items
|  | Impact of changes in accounting policies
|  |  |  |  | Balances without adoption |  | Impact of adoption:
December 31, 2018 |  | As reported |  | of ASC Topic 606 |  | Higher/(Lower)
Equipment held for sale |  | $ | 789 |  | $ | 23,733 |  | $ | (22,944)
Spare parts inventory |  | $ | 48,874 |  | $ | 25,930 |  | $ | 22,944
Consolidated Statement of Income Line Items
|  | Impact of changes in accounting policies
|  |  |  |  | Balances without adoption |  | Impact of adoption:
For the year ended December 31, 2018 |  | As reported |  | of ASC Topic 606 |  | Higher/(Lower)
Revenue: |  |  |  |  |  |  |  |  |
Spare parts and equipment sales |  | $ | 71,141 |  | $ | 54,749 |  | $ | 16,392
Gain on sale of leased equipment |  | $ | 6,944 |  | $ | 7,644 |  | $ | (700)
Expenses: |  |  |  |  |  |  |  |  |
Cost of spare parts and equipment sales |  | $ | 61,025 |  | $ | 45,333 |  | $ | 15,692
Net income |  | $ | 43,231 |  | $ | 43,231 |  | $ | —
Net income attributable to common shareholders |  | $ | 39,898 |  | $ | 39,898 |  | $ | —

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